CompUSA 2009 Annual Report Download - page 108

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48
11. SEGMENT AND RELATED INFORMATION
The Company operates and is internally managed in three operating segments, Technology Products, Industrial Products and
Software Solutions. The Company’ s chief operating decision-maker is the Company’ s Chief Executive Officer. The Company
evaluates segment performance based on income from operations before net interest, foreign exchange gains and losses,
restructuring and other charges and income taxes. Corporate costs not identified with the disclosed segments and restructuring
and other charges are grouped as “Corporate and other expenses.” The chief operating decision-maker reviews assets and makes
significant capital expenditure decisions for the Company on a consolidated basis only. The accounting policies of the segments
are the same as those of the Company described in Note 1.
Financial information relating to the Company’ s operations by reportable segment was as follows (in thousands):
Year Ended December 31,
2009 2008 2007
Net Sales:
Technology Products $
2,967,896
$
2,795,441
$ 2,553,716
Industrial Products 196,129 237,027 225,746
Software Solutions 1,970 493 413
Consolidated $
3,165,995
$
3,032,961
$ 2,779,875
Depreciation and Amortization Expense:
Technology Products $
10,141
$
8,219
$ 6,818
Industrial Products 1,476 986 1,023
Software Solutions 613 1,111 904
Corporate 123 71 35
Consolidated $
12,353
$
10,387
$ 8,780
Operating Income (Loss):
Technology Products $
87,127
$
96,177
$ 100,958
Industrial Products 15,415 24,621 20,595
Software Solutions (6,457) (17,948) (15,813)
Corporate and other expenses (22,694) (19,483) (11,798)
Consolidated $
73,391
$
83,367
$ 93,942
Total Assets
Technology Products $
521,900
$
400,340
$ 331,033
Industrial Products 103,370 98,670 76,634
Software Solutions 149 3,531 3,783
Corporate 191,482 199,912 266,194
Consolidated $
816,901
$
702,453
$ 677,644
Financial information relating to the Company’ s operations by geographic area was as follows (in thousands):
Year Ended December 31,
2009 2008 2007
Net Sales:
United States:
Technology Products $
1,931,544
$ 1,660,902 $ 1,451,046
Industrial Products 196,129 237,027 225,746
Software Solutions 1,970 493 413
United States total 2,129,643 1,898,422 1,677,205
Other North America (Technology Products) 187,832 193,950 170,272
Europe 848,520 940,589 932,398
Consolidated $
3,165,995
$ 3,032,961 $ 2,779,875
Long-lived Assets:
North America — principally United States $
39,860
$ 30,188 $ 21,978
Europe 25,738 18,277 25,602
Consolidated $
65,598
$ 48,465 $ 47,580
Net sales are attributed to countries based on location of selling subsidiary.